US explored linking Hormuz naval escorts to government insurance in International Shipping News 20/03/2026 The Trump administration considered plans to require ships escorted by the U.S. Navy through the Strait of Hormuz to buy insurance from the U.S. government, the Financial Times reported on Thursday. U.S. President Donald Trump had earlier signaled that Washington would insure commercial vessels seeking to transit the strategic waterway, as its near closure by Tehran sparked a sharp increase in oil prices. The Development Finance Corporation, Washington’s international investment arm, unveiled a plan earlier this month to provide up to $20 billion reinsurance to support vessels through the strait that would be combined with naval escorts. The administration has since considered requiring ships that want a navy escort to buy insurance under a program run by DFC along with , a private insurer, the FT report said. It remains unclear if the Trump administration will proceed with the mandatory component of the program, the FT report said. Under the model discussed, ships seeking a military escort through the Strait of Hormuz would be required to purchase the U.S. government’s insurance for hull, machinery and cargo, the FT reported, citing insurance market figures directly in touch with the DFC. Source: Investing.com 2026-03-20 hellenicshippingnews... window.___gcfg = {lang: 'en-US'}; (function(w, d, s) { function go(){ var js, fjs = d.getElementsByTagName(s)[0], load = function(url, id) { if (d.getElementById(id)) {return;} js = d.createElement(s); js.src = url; js.id = id; fjs.parentNode.insertBefore(js, fjs); }; load('//connect.facebook.net/en/all.js#xfbml=1', 'fbjssdk'); load('https://apis.google.com/js/plusone.js', 'gplus1js'); load('//platform.twitter.com/widgets.js', 'tweetjs'); } if (w.addEventListener) { w.addEventListener("load", go, false); } else if (w.attachEvent) { w.attachEvent("onload",go); } }(window, document, 'script')); tweet Share